Recent awards for IT system replacement contracts at the School Employees Retirement System of Ohio and the Kentucky Teachers’ Retirement System bring the total number of pension administration system replacement projects Sagitec is implementing for school and teacher retirement plans to six.

Saint Paul, MN – Sagitec Solutions, LLC, a global provider of tailor-made IT solutions for the pension industry, announced today contracts that commenced in mid-2011 with the School Employees Retirement System of Ohio (SERS of Ohio) and the Kentucky Teachers’ Retirement System (KTRS) to deliver new, fully integrated pension administration systems based on Sagitec’s Neospin™ pension administration software framework. With the addition of SERS of Ohio and KTRS, the Minnesota-based company expands its expertise at implementing major IT systems for retirement plans that cover teachers and school employees, bringing its total number of clients with education employee retirement plans to six.

Jefferson City, MO – Seeking to enhance business processes and improve service levels to members and employers well into the 21st century, the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) partnered with Sagitec Solutions, LLC, a global provider of IT administration solutions, to implement a new framework-based, “state of the industry” pension administration system. The project, dubbed “OASIS,” implements Sagitec’s Neospin™ framework, which provides a technical architecture flexible enough to support PSRS/PEERS’ existing application functionality but includes many enhanced core functions such as data integrity, full transaction processing, security and internal controls. The OASIS project began in March 2010 and is Sagitec’s second major pension system implementation in the state of Missouri.

"When we began the search process for a pension software vendor we were looking for a company who had successfully built and implemented a proven solution for a complex retirement system like PSRS/PEERS of Missouri,” says Dearld Snider, Assistant Executive Director of Operations for PSRS/PEERS. “After conducting a thorough bid process it was easy to see why Sagitec had built such a strong reputation in the public pension arena over the last several years. Now that the project is fully underway, our staff is very excited about the progress made thus far, and we're looking forward to continuing our partnership with Sagitec throughout the project and beyond.”

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